SOURCE: Falco Resources Ltd

Falco Resources Ltd

March 04, 2015 09:00 ET

Falco Resources Announces Granting of Stock Options

TORONTO, ON--(Marketwired - March 04, 2015) - Falco Resources Ltd. ("Falco", or the "Corporation") (TSX VENTURE: FPC) announces the granting of incentive stock options to Mr. Luc Lessard, Falco's President and Chief Executive Officer, to purchase up to 840,000 common shares of Falco at a price of $0.64 per share. The stock options are subject to a three-year vesting period and are exercisable for a period of five years. 

About Falco

Falco Resources Ltd. is one of the largest mineral claim holders in the Province of Quebec, with extensive land holdings in the Abitibi Greenstone Belt. Falco owns 74,000 hectares of land in the Rouyn-Noranda mining camp, which represents 70% of the entire camp and includes 13 former gold and base metal mine sites. Falco's principal property is the Horne Mine, which was operated by Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. A maiden 43-101 mineral resource estimate for the Horne 5 deposit delineated an initial inferred resource of 2.8 Moz AuEq at 3.41 g/t AuEq (25.3 million tonnes grading 2.64 g/t Au, 0.23% Cu and 0.7% Zn, for 2.2 Moz Au -- see March 4, 2014 press release for details).

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

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